Posted by admin on April 27th, 2008
Kunal Kashyap, founder and CEO of Indian investment bank Allegro Advisors, discusses the firm’s focus on wealth management and what advice he is giving his clients.
What prompted Allegro to start offering wealth management services in India?
We started Allegro with the vision of creating a full-service Indian investment bank so wealth management services were part of [...]
Posted by admin on April 25th, 2008
A growing number of 401(k) plan executives are demanding to know how much in excess revenue is generated by their plans and how they can get their hands on that money to cut costs and enhance services to participants.
Among those that have gone through the process: Akzo Nobel in Chicago, with $1.6 billion in plan [...]
Posted by admin on April 20th, 2008
Low fees charged by providers to manage KiwiSaver funds will make the product non-viable and impossible to maintain, says retirement-product expert Paul King.
The consultant, ASB’s former head of strategy, said the product’s high-profile launch forced the financial services industry to cut costs to join the KiwiSaver party - Investment Advice costs that could not be [...]
Posted by admin on April 16th, 2008
The Securities and Exchange Commission warned investors Tuesday that dozens of companies that solicit investment advice or brokerage services aren’t actually registered in the U.S. Investment Property and can’t legally offer those services.
The SEC named 37 firms it had received complaints about, including Golden Medallion Trading, which lists a Dallas address of 14001 N. Dallas [...]
Posted by admin on April 11th, 2008
Fidelity Management & Research’s gave its stamp of approval to Ambac Financial Group on Thursday, but the move was overshadowed by the revelation that JPMorgan Chase slashed its stake in the ailing bond insurer.
Fidelity Management & Research, acts as an investment adviser to Fidelity Investment’s family of mutual funds, and is Ambac’s largest shareholder.Investment Advice [...]
Posted by admin on April 5th, 2008
A University of Manitoba alumnus gave $5 million to his alma mater yesterday, but don’t call it a donation.
“My financial commitment to the school is not a donation in my mind, it truly is an investment,” Stu Clark said at yesterday’s announcement. Investment Advice”I know it will help improve the quality of entrepreneurship in the [...]
Posted by admin on March 30th, 2008
NEW YORK (Money) — Question: Recently I’ve been reviewing a few financial newsletters that provide market advice. I don’t trust most of them but have been intrigued by some. Would I just be wasting my money ($200 or $300 a piece) or could I actually see some better than average returns? How does the current [...]
Posted by admin on March 24th, 2008
“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
If you can grasp this simple advice from Warren Buffett, you should do well as an investor. Sure, there are other investment strategies out there, but Buffett’s approach is both easy to follow and demonstrably successful [...]
Posted by admin on March 24th, 2008
I am going to retire in 2009. The financial adviser for my company has told me that he doesn’t like index funds for retirement. He says they are fine in the accumulation phase but not good in the distribution years because of volatility. My index funds - Vanguard 500, Total International, Total Bond, and Total [...]
Posted by admin on March 19th, 2008
The deadline to apply for an Individual Savings Account (ISA) - [...]
